July 3 (Reuters) - Independence Group NL IGO.AX :
* ACQUIRES JV INTEREST IN CREASY GROUP SOUTHERN HILLS TENEMENTS
* IGO WILL PAY CREASY GROUP $21.0 MILLION TO EARN A 70 PERCENT MANAGING INTEREST IN SOUTHERN HILLS TENEMENTS
* $21.0 MILLION PURCHASE PRICE COMPRISES ABOUT $5.3 MILLION IN CASH AND ABOUT $15.7 MILLION IN IGO SHARES
* COMMITTED IN ORDER OF $50 MILLION FOR EXPLORATION IN FY19